Tanzania has experienced a 19% increase in foreign tourist arrivals as of September this year, compared to the pre-COVID-19 peak in 2019, according to a report released on November 30, 2023, by the United Nations World Tourism Organization (UNWTO) here. The report, titled “World Tourism Barometer” November edition, reveals that with this growth, Tanzania secures...
In a significant legal development, the High Court of Tanzania in the Dar es Salaam Region has delivered a verdict in favor of Halima Mdee and her fellow Members of Parliament. This ruling stems from a case they brought against the Chama Cha Demokrasia na Maendeleo (CHADEMA) party’s decision to expel 19 Members of Parliament....
By Kheri Mahimbali Increased contribution to GDP The mining sector’s contribution to the country’s gross domestic product (GDP) reached 9.1% in 2022, demonstrating its vital role in the national economy (from 6.7% in 2020). Strong growth The sector also experienced significant growth, reaching 10.9% in 2022. This positive trend indicates the sector’s resilience and potential...
In October 2023, Tanzania experienced a reduction in its current account deficit, which decreased to $3.26 billion compared to the previous year’s figure of $4.99 billion. This positive development was attributed to heightened earnings from seasonal tourism activities and traditional exports, as reported by the Central Bank. The Monthly Economic Review for November 2023 from...
In a data-driven analysis of Tanzania’s insurance sector, the surge witnessed in recent times can be dissected through the lens of specific initiatives championed by President Samia Suluhu’s administration. Gross Written Premiums (GWP) Growth The standout metric showcasing the industry’s robust health is the Gross Written Premiums (GWP). From TZS 911.5 billion in 2021, the...
President Samia Suluhu’s recent address at COP28 in Dubai has reverberated with urgency, underscoring the critical need for concrete action on climate change. This in-depth analysis delves into the nuances of her speech, examining the President’s dynamic tone, concerns, and the resounding call to unite, act, and deliver on the global stage. The Tanzanian leader’s...
In a strategic move, Tembo Gold Corporation has unveiled plans to undergo a significant rebranding, transitioning into Lake Victoria Gold Ltd, pending regulatory approvals. The decision stems from the company’s newfound position in the highly prospective Lake Victoria Greenstone Belt and recent acquisitions that have propelled it into a new phase of growth. The acquisition...
EACOP (East African Crude Oil Pipeline) has successfully delivered 339 houses as part of its housing replacement initiative in Songakibaoni Village, Muheza, Tanga Region. Wendy Brown, the EACOP General Manager for Tanzania, highlighted the significance of this housing program in supporting households affected by land acquisition, emphasizing the collaboration with local contractors to empower communities...
In a surprising turn of events, the Tanzanian Professional Boxing Regulatory Commission (TPBRC) has revoked the one-year suspension and one million Tanzanian Shillings fine imposed on boxer Hassan Mwakinyo. This decision comes just over a month since the initial penalty was announced on October 10, following Mwakinyo’s failure to step into the ring for his...
In a recent turn of events, Ms. Pauline Philipo Gekul, former Deputy Minister for Constitution and Legal Affairs, has been granted bail after a session of questioning at Babati Police Station on Sunday evening. The Member of Parliament representing Babati Urban and the proprietor of Paleii Lake View Garden is entangled in serious accusations of...